Listing ID: 83623
This well established optical store focusses on the residents in Montgomery County, MD and surrounding areas. Large clientele that numbers over 12,000, and the owner has been with the business since opening 20 years ago. An optometrist is on staff to do eye exams, contact lens fittings and medical exams when needed. Fantastic online reviews are a testament to the expertise and superior customer service offered.
Very accessible facility with ample parking. The immediate surrounding area is being built up with with new condos, hotels, and shopping complexes.
- Asking Price: $225,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $20,000
- Inventory: $32,000
- Inventory Included: Yes
- Established: N/A
The transaction shall include inventory valued at $32,000, which is included in the suggested price.
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell companies. Nonetheless, the true factor and the one they tell you may be 2 entirely different things. As an example, they might claim "I have too many other commitments" or "I am retiring". For many sellers, these reasons stand. However, for some, these may simply be reasons to try to conceal the reality of changing demographics, increased competition, recent reduction in profits, or an array of other reasons. This is why it is really essential that you not rely totally on a seller's word, yet rather, make use of the seller's solution along with your overall due diligence. This will paint a much more realistic image of the business's present situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies take out loans in order to cover things such as stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that revenue margins are too tight. Many organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that have to be satisfied or might cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location draw in brand-new clients? Most times, companies have repeat customers, which form the core of their everyday earnings. Particular variables such as new competition growing up around the area, roadway building, and also staff turnover can impact repeat clients and also adversely influence future earnings. One important point to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business regularly, the greater the chance to construct a returning customer base. A final idea is the basic area demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? Exactly how might the local mean family income influence future earnings potential?